Through a new program, the Small Business Administration and officials in Canada are looking to reduce regulatory burdens for small businesses.

Under the Small Business Lens program, the U.S.-Canada small business team for the Regulatory Cooperation Council is developing tools and provisions that better integrate small business considerations in the design of regulations, according to the SBA.

The collaboration “can increase sensitivity and responsiveness to the needs of small businesses, particularly those engaged in cross-border trade,” the SBA said.

The SBA said it will update stakeholders on progress made, and seek feedback on, the Small Business Lens in a webinar set for 1 p.m. EST on Jan. 17.

Earlier this year, the Canadian Federation of Independent Business released a report that surveyed nearly 13,000 small business owners and found that credit unions scored high marks when it came to serving small businesses.

Credit unions were also better at serving micro businesses, which was defined as those having fewer than five employees, according to the CFIB report Battle of the Banks.

Instant Insights /

SBA, Canada Team Up to Help Reduce Regulatory Burden

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